The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Acquired by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 9.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,223,817 shares of the company’s stock after purchasing an additional 555,195 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 6.90% of The Hain Celestial Group worth $38,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of The Hain Celestial Group by 225.5% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company’s stock valued at $43,000 after purchasing an additional 3,432 shares in the last quarter. Van ECK Associates Corp raised its stake in The Hain Celestial Group by 49.0% during the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares in the last quarter. Virtu Financial LLC acquired a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $73,000. Grace & White Inc. NY bought a new position in The Hain Celestial Group during the 4th quarter worth approximately $86,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of The Hain Celestial Group in the 3rd quarter worth approximately $93,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Mizuho dropped their price target on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Barclays dropped their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Piper Sandler decreased their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Maxim Group cut their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their target price on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, The Hain Celestial Group has an average rating of “Hold” and an average price target of $6.44.

The Hain Celestial Group Price Performance

NASDAQ HAIN opened at $4.11 on Monday. The company has a 50-day moving average price of $4.31 and a two-hundred day moving average price of $6.45. The Hain Celestial Group, Inc. has a 52 week low of $3.28 and a 52 week high of $9.43. The stock has a market cap of $370.92 million, a price-to-earnings ratio of -2.12 and a beta of 0.83. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. Analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.